Top stock market recommendations: Lodha Developers, Premier Energies, and HDFC Asset Management Company have been picked by Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group as the top stocks to buy on April 30, 2026. He shares his target levels and also outlook for indices Nifty and Bank Nifty.Index View: NiftyIndex appeared strong in the first half of new series day, however half of its intraday gains were trimmed by closing as oil spiked and profit taking emerged ahead of multiple events of exit poll and FOMC outcome. A range between 23750 and 24300 has now been developed and any close on either side would allow commencement of a sharper trend.Bank NiftyBank Nifty closed below its support of 55700 along with giving a bearish head and shoulder breakdown on hourly charts. This has opened further downside towards 54900/54500 while negation on this down move is seen above 56000.Lodha Developers (BUY):
- LCP: Rs 912
- Stop Loss: Rs 872
- Target: Rs 1046
Stock has hit 8 week high while Real Estate index experiencing short covering all through April and has been one of the best performers in sectoral bets this month. Buying on LODHA has emerged from an attractive support band of 650 – 750 reinforcing that the zone being a retest for further leg upside.Given the bullish flag formation set up clubbed with ongoing momentum, the ongoing long side is set to unfold further for targets nearing 1050 odd.Premier Energies (BUY):
- LCP: Rs 1039
- Stop Loss: Rs 955
- Target: Rs 1160
Stock has given a 15-month trendline after a stellar rally over the past 2 months. Having reclaimed above its 200 DMA and holding above the same, limits the near-term downside on this name despite the run up. Expect another 10%-12% upside given the set up on charts.HDFC Asset Management Company (BUY):
- LCP: Rs 2787
- Stop Loss: Rs 2645
- Target: Rs 3000
A six-month trendline breakout supported by a rising trendline holding steady for the past 3 years which helped a reversal earlier this month. Adding to this a reclamation of 200 DMA adds to the recovery phase on the stock helping to end the ongoing consolidation. Target open for new all-time highs.(Disclaimer: The recommendations and views on the stock market, stocks shared above or any tips given by experts are their own. These opinions do not represent the views of The Times of India)
